Wednesday, February 22, 2012

New Transitional Tax Rules Announced

Great news for everyone who was uncertain about the tax situation here in BC; last week the Ministry of Finance finally announced their new transitional tax rules for housing. As of April 1, 2013, British Columbia will be returning to the PST and, starting April 1, 2012, the new transitional rules will come into effect. According to Finance Minister Kevin Falcon, the "new housing transition measures [will] give certainty to an important economic sector and help to keep taxes equitable throughout the transition as the province returns to the PST."

These new rules are especially beneficial for those wanting to buy a brand new home here in BC, as some of the more stringent rules from the old system of HST will now be relaxed. Specifically:


  • The new housing tax rebate threshold will be increased from $525,000 to $850,000, meaning more than 90 per cent of newly built homes (and all of the homes at Cadence) will now be eligible for a provincial HST rebate of up to $42,500 ($26,250 previously).




  • Purchasers of new secondary vacation or recreational homes outside the Greater Vancouver and Capital regional districts priced up to $850,000 will now be eligible to claim a provincial grant, which is excellent news for anyone wanting to buy a home at Cadence as a vacation property or seasonal residence (Cadence is perfect for those wanting a lock-and-leave lifestlye) as they will now qualify for the rebate.



*info graphics courtesy of pstinbc.ca

For more information on the transitional rules, please visit:

Tuesday, January 3, 2012

Ignore the News: Why Right Now is a Good Time to Buy

Many people can't seem to shake all the speculation they heard in the 2011 news about the state of the economy and the ever looming threat of a recession. Unfortunately, it's fears such as these, which are often perpetuated and exacerbated by today's pervasive media, that can lead to people holding off on making major life decisions or financial commitments. Although it is always wise to proceed with caution in uncertain times, how long can a person actually put their life on hold? Is there really any benefit to all of this waiting?

Well, many of our purchasers at Cadence recognized that the current economic conditions were actually presenting them with opportunities, not barriers, and decided to make their move regardless of what they heard in the news. As they realized, buying a home in today's market isn't really as risky as one might think; in fact, there are actually many different and compelling reasons why now is the perfect time to buy. Here are some of the factors our residents took into consideration while making the decision to purchase at Cadence:

1) They were buying and selling in the same market. Forget what your house was once worth in 2006 - it's 2012 now and times have changed, but you'll still be able to get a great new house!

2) They were simply moving equity from a old home that no longer suited them into a beautiful new home that would enhance their lifestyle.

3) There would probably never be a time where the price difference between an old home and a new home would ever be lower.

4) With home prices as low as they are now, commissions are less, taxes are less, and costs for moving are also less.

5) Presently, with fewer people having confidence to move, there is less competition in the marketplace which means it's easier to negotiate what you want.

6) Once the market improves and there is an upward pressure on prices, new homes traditionally appreciate faster than used homes and the cost of moving will be higher.

In addition to all of these factors, the Cadence Make A Move program has been designed to alleviate the risks and uncertainty commonly associated with homebuying. Our innovative purchase plan not only gives you plenty of time to sell your present home, but allows you to lock in your price and choice of lot, and protects you against any price increases/decreases. There is no additional commitment until your current home is sold and 90% of the balance is not due until you move in. What could be simpler than that?

So, keeping all of this in mind, why not start the new year off right by taking advantage of these favourable market conditions and make your move to Cadence at the Lakes.

Life's good lived at your own rhythm!

Tuesday, December 13, 2011

Cadence Holiday Hours

Our showhomes will be closed
December 23-27, December 31, January 1
To make an appointment during this time,
please call 250.863.3541

From all of us at Cadence
we wish you good times, good cheer,
and a happy new year!

Thursday, October 6, 2011

The Cadence Website Gets a New Look

Cadence at The Lakes is thrilled to announce that our current website has been madeover and refreshed and is now live! If you haven't already, come and check out www.CadenceKelowna.com to see the beautiful new look/layout and to explore all of the exciting additional content that has been added.

Monday, August 29, 2011

Cadence Colour Schemes

When it comes to building a home and selecting the right colours for your new space, many people can become overwhelmed when faced with the wide range of styles and options available to them in today's marketplace. Other people can have a very distinct vision in their minds of what they want, but then get frustrated when the colour on the walls doesn't actually match the tiny little paint chip they got from the store. Well whether you fall into the former or the latter of these two categories, we here at Cadence at The Lakes have got you covered!

At Cadence, we have worked exclusively with interior designer Eileen Ritchie, of Eileen Ritchie Homes, to create three beautiful interior colour palettes and eight stunning exterior colour palettes for you to choose from. These specially created colour schemes were designed to complement the entire development, inside and out, and to help take the uncertainty out of planning your new home. All of our colour palettes are available for you to see at our showhome, but if you are unable to visit us just yet, here is a preview of what Eileen has put together for us.

Interior Colour Palettes


Interior Palette #1 - Vanilla



Interior Palette #2 - Toffee



Interior Palette #3 - Licorice



Exterior Colour Palettes


Exterior Palette #1 - Evening Blue



Exterior Palette #2 - Harris Cream



Exterior Palette #3 - Heathered Moss



Exterior Palette #4 - Mountain Sage



Exterior Palette #5 - Timber Bark



Exterior Palette #6 - Countrylane Red



Exterior Palette #7 - Monterey Taupe



Exterior Palette #8 - Navajo Beige



Please note that the colours will vary depending on your monitor settings and may appear different in person due to the lighting conditions in the photos. To see all of our beautiful colour palettes in their true form, come to our showhome for a visit any time; we are open daily from 12-4pm. Life’s good lived at your own rhythm!

Friday, August 19, 2011

SL23 Fresco Virtual Tour

Our market-ready Fresco on Strata Lot 23 is now listed on MLS with Jerry Redman of Re/Max Kelowna. For a virtual tour of the property, please take a look at the video below. More great informative videos of Cadence are also scheduled to be released this fall - stay tuned!

Monday, July 25, 2011

Market Ready Homes at Cadence

If you are looking for a new home at Cadence that you can move into right away, then look no further! In addition to the fabulous pre-built Fresco we have on Strata Lot 23, we also have a new modified Fresco in the works on Strata Lot 7. This house will feature all the same great elements as the first model, but with an expanded kitchen/living area for additional square footage. This home is currently under construction so there is still time to pick your options! More about this property:

1) SL7 "Fresco" - SOLD!

Price includes home, lot, and landscaping. 2 bedroom, 2 bathroom, 1,400 sq ft on the main floor, and a fully finished 2 car garage. 8 ft unfinished basement, with the option to finish as much or as little as you like*, which could add an additional 1,386 sq ft. Geothermal heating & cooling, gas fireplace with custom mantle, stainless steel appliances and warm tile floors in all bathrooms. Tray ceiling in living room, extended patio cover out back, and a beautiful courtyard entryway in the front. Exterior finishing in our "Timber Bark" palette. Still time to choose your interior colour palette as well as many other great design and décor options*!

* Basement finishing and additional upgrades extra. Please see our Sales Representatives for exact pricing.

2) SL23 "Fresco" - $420,695.00 plus applicable taxes

Price includes home, lot, and landscaping. 2 bedroom, 2 bathroom, 1,352 sq ft on the main floor, and a fully finished 2 car garage. 8 ft unfinished basement, preloaded with drywall to be completed at your convenience, could add an additional 1,338 sq ft. Geothermal heating & cooling, gas fireplace, and beautiful stainless steel appliances. Warm tile floors in all bathrooms. Interior finished in our "Vanilla" colour palette, exterior in "Heathered Moss".



To take a tour of these homes, please visit our Sales Studio located at 13075 Lake Hill Drive (in the heart of The Lakes subdivision). We are open daily from 12-4pm. Or, to arrange an after-hours viewing, please contact our sales team at 1.877.766.9077. For more information on the development, please visit http://www.cadencekelowna.com/. Life's good lived at your own rhythm!